Yodlee files for a $75M public offering

Yodlee, a company with cloud-based financial-services software for banks and other finance companies, began the process of going public today.

The company aims to raise $75 million in an initial public offering, according to the S-1 document Yodlee filed today with the U.S. Securities and Exchange Commission.

The company will be the latest cloud software company to head for public markets. Veeva Software and Tableau had successful IPOs last year, and this year has business-to-business companies like Arista, oPower and Paycom have gone public.

Companies like Dropbox, Box, New Relic, AppDynamics, and Cloudera have been in a position to go public this year, although some have taken on financing rounds that could help them put off such an event.

Yodlee claims 750 organizations use its tools — including most of the 15 largest banks in the United States — and pass them on to their consumers. The company collects subscription fees for 15.7 million of consumers.